First Trust Materials AlphaDEX Fund
FXZ
185 hedge funds and large institutions have $1.44B invested in First Trust Materials AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 72 increasing their positions, 60 reducing their positions, and 13 closing their positions.
169% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 13
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
25% more capital invested
Capital invested by funds: $1.15B → $1.44B (+$284M)
20% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 60
10% more funds holding
Funds holding: 168 → 185 (+17)
0.96% more ownership
Funds ownership: 82.91% → 83.87% (+0.96%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$72.7M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$21.4M |
| 3 |
Morgan Stanley
New York
|
+$14.9M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$13.5M |
| 5 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
-$4.2M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.94M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$2.36M |
| 4 |
MIH
Meitav Investment House
Bene-Beraq,
Israel
|
-$1.51M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.33M |
FXZ Hedge Fund Activity: Q1 2023 in Review
185 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q1 2023, worth a combined $1.44B — up 25% from $1.15B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new FXZ positions and 13 closed out — a net gain of 22 holders — while 72 added to existing stakes and 60 trimmed.
The largest buyer was First Trust Advisors, adding an estimated $72.7M. The largest seller was Financial Enhancement Group, exiting entirely with an estimated $4.2M sold.
- 185 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q1 2023, up from 168 in Q4 2022.
- Funds reported $1.44B of First Trust Materials AlphaDEX Fund stock for Q1 2023, up 25% quarter-over-quarter.
- 35 funds opened new First Trust Materials AlphaDEX Fund positions in Q1 2023 and 13 closed out, a net change of +22 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q1 2023 was First Trust Advisors, an estimated $72.7M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q1 2023 was Financial Enhancement Group, an estimated $4.2M sold.
Based on aggregated 13F filings for Q1 2023.